Miniso initiated with a Buy at HSBC

HSBC analyst Lina Yan initiated coverage of Miniso (MNSO) with a Buy rating and $29.30 price target The company’s opportunities overseas outweigh its domestic risks, the analyst tells investors in a research note. The firm says Miniso is the largest lifestyle retailer in China and it is making “fast inroads” into the overseas markets by leveraging on its supply chain strength.